10.You expect to receive a payout from a trust fund in 2 years. The payout will be for $13,200. You plan to invest the money at an annual rate of 5.4 percent until the account is worth $22,300. How many years do you have to wait from today?

11.A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 2 percent compounded quarterly and the cost of the machinery will be $330,000, how much will the company have to deposit today?